Geoffrey the Giraffe may soon be without a home.The Wall Street Journal is reporting former retail giant Toys “R” Us is considering closing its doors for good. WSJ reports the New Jersey-based company is preparing to liquidate all of its stores in the United States. The report comes just a few weeks after the retailer said it would close 182 stores following a Chapter 11 bankruptcy filing. The company that once dominated toy sales in the U.S. has been operating under bankruptcy protection since last fall, when it filed for Chapter 11 under the weight of $5 billion in debt. Toys "R" Us has struggled with debt since private-equity firms Bain Capital, KKR & Co. and Vornado Realty Trust took it private in a $6.6 billion leveraged buyout in 2005. The plan had been to take the company public again, but weak sales have prevented that. Toys "R" Us closed its flagship store in Manhattan's Times Square, a huge tourist destination, about two years ago. While its sales numbers have been shrinking, Toys R Us still sells about 20 percent of the toys bought in the U.S., according to Stephanie Wissink, an analyst at Jefferies LLC.

Geoffrey the Giraffe may soon be without a home.

The Wall Street Journal is reporting former retail giant Toys “R” Us is considering closing its doors for good.

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WSJ reports the New Jersey-based company is preparing to liquidate all of its stores in the United States.

The report comes just a few weeks after the retailer said it would close 182 stores following a Chapter 11 bankruptcy filing.

The company that once dominated toy sales in the U.S. has been operating under bankruptcy protection since last fall, when it filed for Chapter 11 under the weight of $5 billion in debt.

Toys "R" Us has struggled with debt since private-equity firms Bain Capital, KKR & Co. and Vornado Realty Trust took it private in a $6.6 billion leveraged buyout in 2005. The plan had been to take the company public again, but weak sales have prevented that.

Toys "R" Us closed its flagship store in Manhattan's Times Square, a huge tourist destination, about two years ago.

While its sales numbers have been shrinking, Toys R Us still sells about 20 percent of the toys bought in the U.S., according to Stephanie Wissink, an analyst at Jefferies LLC.